Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Hill Stations Emerging as Attractive Real Estate Destination

Posted: 04 Jul 2011 08:17 PM PDT

With family income on the rise, hill stations in India are increasingly becoming attractive real estate destinations for more and more Indians, according to a survey. While some want an embode in hill stations as only a holiday home, some others want it as a second home they can drop in any time they please. [...]

BSE Records 6% Rise in DLF’s Shares

Posted: 04 Jul 2011 07:25 PM PDT

Shares of realty major DLF rose six per cent in Monday's trading on expectations the company's debt reduction strategy was falling in place, said analysts tracking the stock. Shares of the company touched a high of Rs 234.75, up 6.5 per cent on the Bombay Stock Exchange, before closing at Rs 233.60 (up 6.01 per [...]
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Property News from IndianRealtyNews

Property News from IndianRealtyNews

Link to India Properties - Real Estate India - Indian Property News Site

NHB Data Reports Fall in Property Prices in Seven Cities

Posted: 03 Jul 2011 07:36 PM PDT

Property prices in seven cities across India dropped by 2.63 per cent to 17.6 per cent during the January to March quarter, according to the latest data released by the National Housing Bank (NHB). Another five cities have shown a marginal change in prices in the same period. However, three cities showed an increase in [...]

Kochi Observer Decline in Property Rates

Posted: 03 Jul 2011 07:00 PM PDT

Real estate rates in Kochi have seen the maximum price drop of 14.85% in the Januray-March period compared with the preceding three months among Indian metros and tier II cities, according to the National Housing Bank's (NHB) Residex-an index of property prices. Almost eight cities have seen slight correction in the Janurary-March period. Bangalore and [...]

Real Estate Developers Setting Prefabrication Plants to Cut Project Costs

Posted: 03 Jul 2011 06:55 PM PDT

Real estate developers are setting up prefabrication plants to speed up construction and cut project costs as an acute shortage of labour and a rise in raw material prices threaten to wipe out the industry’s already wafer-thin margins. Between 2009 and 2011, labour costs have risen 50% while prices of raw materials-steel, cement and bricks-have [...]

No Check in Property Prices despite Sluggish Demand in Mumbai

Posted: 03 Jul 2011 06:42 PM PDT

Despite a sustained sluggishness in demand, property prices in Mumbai, India's largest real estate market, do not seem to relent. Experts say a reason for this is the financing structure of real estate projects, where many developers, especially unlisted ones, resort to discounted selling to speculators during the soft launch of a project. This, experts [...]
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Property News from IndianRealtyNews

Property News from IndianRealtyNews

Link to India Properties - Real Estate India - Indian Property News Site

Builders Losing on Projects Due to Dipping ROI: CREDAI

Posted: 30 Jun 2011 08:12 PM PDT

Inflation and rising cost of raw materials have started putting a dent in the balance sheets of the real estate firms here. In spite of bleeding balance sheets and dipping return on investment (ROI), the firms here commit that they will deliver the housing units to the buyers at the booking price itself. KC Naik, [...]

DLF to Sell Holdings in Pune & Nioda IT SEZ for Rs 1300 crore

Posted: 30 Jun 2011 08:09 PM PDT

DLF, India’s largest real estate company, will sell its shareholding in two IT SEZs in Pune and Noida, for a combined value of Rs1,300 crore, as it steps up the disposal of non-core assets to pay down debt of almost $5 billion. Two partners, Ackruti City and The 3C Company, will also exit. Blackstone is [...]

RBI Implements Strict & Tedious Rules for Banks Lending to Property Sector

Posted: 30 Jun 2011 07:01 PM PDT

The Reserve Bank of India has laid out strict and tedious due diligence standards for banks in sanctioning loans to the real estate sector after inspections found that most frauds were due to document forgeries even after certified by lawyers and chartered accountants. The central bank has said banks should leave no stone unturned to [...]
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